When Artificial Intelligence Meets Arbitration : A Solemn Look See of Prospects and Challenges
As advancement in technology shapes the world, definitely it encourages embracing of the emerging technologies; lest one become outdated. One of the emerging technologies definitely is Artificial Intelligence. In its simplest sense Artificial Intelligence denotes a wide ranging branch of computer science concerned with building smart machines capable of performing tasks that typically would require human intelligence. Artificial Intelligence can either be reactive machines, limited memory, and theory of the mind or self-awareness.With the uptake of the use of Artificial Intelligence, no sector of the economy has been left out including dispute resolution. Currently, AI is deeply used in the legal sector. This has led to lawyers rethinking their business and how they do manage to communicate and associate with the clients. Courtesy of AI gaining transaction in the legal sector perhaps it is an appropriate time to consider integrating AI to the arbitration space.This paper therefore attempts to interrogate the various opportunities that lies in embracing AI in Arbitration and the obstacles thereof in equal measure with a view of offering solutions to the obstacles